In the Chapters That Discuss Governmental Fund-Types,it Is Assumed That

question 43

Essay

In the chapters that discuss governmental fund-types,it is assumed that budgets are prepared on the modified accrual basis.Examples in those chapters also assume that the perspective of the budget is the fund,and that revenue budgets are prepared by source and appropriations budgets are prepared by function.From the standpoint of financial management of a government,state what objectives are served by preparation of budgets on the same basis as financial statements.

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Definitions:

Top-Down Change

Organizational change initiatives that are initiated and guided by the top management or leadership of an organization.

Crisis Management

The process by which an organization deals with a disruptive and unexpected event that threatens to harm the organization or its stakeholders.

Unplanned Change

Alterations or modifications that occur without prior planning or expectation, often requiring immediate response or adaptation.

Negative Consequences

Detrimental outcomes that result from actions or decisions.